Western Asset Premier Bond Fund (NYSE:WEA) Shares Cross Below 50 Day Moving Average of $10.99

Western Asset Premier Bond Fund (NYSE:WEAGet Rating) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $10.99 and traded as low as $10.35. Western Asset Premier Bond Fund shares last traded at $10.44, with a volume of 31,441 shares.

Western Asset Premier Bond Fund Stock Performance

The stock has a 50 day moving average price of $10.99 and a two-hundred day moving average price of $11.18.

Hedge Funds Weigh In On Western Asset Premier Bond Fund

Large investors have recently made changes to their positions in the company. Landscape Capital Management L.L.C. bought a new position in shares of Western Asset Premier Bond Fund during the first quarter worth approximately $120,000. M Holdings Securities Inc. bought a new position in Western Asset Premier Bond Fund during the 1st quarter worth $129,000. Northwestern Mutual Wealth Management Co. increased its stake in Western Asset Premier Bond Fund by 7.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 13,740 shares of the investment management company’s stock worth $145,000 after acquiring an additional 893 shares during the period. Karpus Management Inc. bought a new position in Western Asset Premier Bond Fund during the 2nd quarter worth $153,000. Finally, Envestnet Asset Management Inc. bought a new position in Western Asset Premier Bond Fund during the 1st quarter worth $173,000.

About Western Asset Premier Bond Fund

(Get Rating)

Western Asset Premier Bond Fund is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company. The fund is co-managed by Western Asset Management Company Limited, Western Asset Management Company Pte. Ltd., and Western Asset Management Company Ltd. It invests in the fixed income markets of the United States.

Read More

Receive News & Ratings for Western Asset Premier Bond Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Asset Premier Bond Fund and related companies with MarketBeat.com's FREE daily email newsletter.